COTD: Singapore secures top spot in crypto adoption, leading in infrastructure, tech: report

Singapore outranked Hong Kong, UAE, the US, and the UK.

Singapore is the most crypto-friendly country, leading in fostering crypto adoption with its supportive banking system, significant investment, comprehensive regulations like the Payment Services Act, regulatory sandboxes, and alignment with global standards, Henley & Partners reported.

With a total score of 45.7 out of 60, Singapore outranked Hong Kong (42.1), the UAE (41.8), the US (41.7), and the UK (36.1).

Singapore also ranked first in three of six parameters in the index: infrastructure adoption (6.8), innovation and technology (9.5), and regulatory environment (8.3).

Meanwhile, Singapore ranked sixth in public adoption (4.6), second in economic factors (9.1), and ninth in tax-friendliness (7.4).

The Henley Crypto Adoption Index 2024 assessed 23 countries using over 670 data points across six main parameters, comprising 16 sub-parameters and 24 indicators.

Follow the link for more news on

Chart of the Day

Also Read

How Singaporeans stretch travel budgets without compromising on experience

EnterpriseSG and Afreximbank boost financing for firms expanding to Africa

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Institution of Engineers sets up new board to promote faster chartership registration

The board will also promote upskilling for engineering professionals.

Building & Engineering

Changi Airport Group boosts logistics capacity with new Nexus One facility

It will house two tenants including Expeditors.

Transport & Logistics

MoM underscores tripartite efforts to safeguard workers following Dyson layoffs

The ministry urges companies to work with unions.

HR & Education

Exclusives

Lorem Ipsum Singapore Business Review

The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.

22 hours ago

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Lorem Ipsum 2